Recent Plan News
Victory Capital acquires USAA Asset Management Company
Victory Capital Holdings, Inc. will acquire USAA Asset Management Company, investment advisor to the USAA mutual funds that serve as underlying funds of the portfolios in the USAA 529 College Savings Plan. Victory Capital Management, Inc. will become the investment advisor to the USAA mutual funds and will provide investment management services to the USAA 529 College Savings Plan. In addition, Victory Capital Advisers, Inc., an affiliate of Victory Capital Management, will market and distribute the Plan, replacing USAA Investment Management Company.
Oregon College Savings plan hits $2 billion milestone
Following the 18-year anniversary of the Oregon College Savings Plan, the program is celebrating a key milestone — $2 billion saved for higher education.The announcement by Oregon State Treasurer Tobias Read follows a record-setting year for the program, which brought in more than $233 million in contributions to more than 111,000 accounts from across the state.
New Mexico Selects Ascensus and Principal to Manage the State's 529 Program
After a competitive Request for Proposals process, The Education Trust Board of New Mexico has selected Ascensus and Principal as managers for The Education Plan and the Scholar's Edge 529 plans. This marks the entrance of Principal into the 529 savings account market.Ascensus will provide program management, recordkeeping, administrative services, and investment oversight for The Education Plan.